Uniswap's (CRYPTO:UNI) recent 18% correction suggests potential sideways movement, though conflicting signals from market cues and investor sentiment cloud the outlook.

While the Relative Strength Index (RSI) indicates bearish momentum, investors' sustained HODLing sentiment, reflected in the Mean Coin Age (MCA) metric, hints at resilience.

UNI's price hovers around $9.4, with $9.0 emerging as a critical support level and $11.6 as resistance.

Despite hopes for recovery, a bearish market dominance could drive UNI below $9.0, challenging the bullish scenario.